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Proviso as to Government messages, &c.

Penalty if

operators or employés divulge contents of despatches.

Punishment of persons injuring or obstructing the works.

Interpretation clause.

Sections 41,

42, of 32 and 33 Vic., Cap.

Submarine

Telegraphic

Cables.

"Canada Joint Stock Companies

Clauses Act 1869," to arply.

Short title.

23. Provided that any message in relation to the administration of justice, the arrest of criminals, the discovery or prevention of crime, and Government messages or despatches shall always be transmitted in preference to any other message or despatch, if required by any person connected with the administration of justice, or any person thereunto authorized by the Secretary of State of Canada.

24. Any operator of the said telegraph line or cable, or person employed by the said Company, divulging the contents of a private despatch shall be deemed guilty of a misdemeanor, and on conviction shall be liable to a fine not exceeding one hundred dollars, or to imprisonment not exceeding three months, or both, in the discretion of the court before which the conviction shall be had.

25. Any person who shall wilfully, unlawfully or maliciously injure, molest or destroy any of the said lines, posts, piers, abutments, submarine cables or the material or property belonging thereto or to the said Company, or in any way obstruct the working of the said lines of telegraph, or submarine cables shall, on conviction thereof, be deemed guilty of a misdemeanor, and be liable to be punished in the manner provided by law for such offences.

26. Sections forty-one and forty-two of an Act passed in the thirty-second and thirty-third year of Her Majesty's Reign, chapter twenty-two, intituled "An Act respecting malicious injuries to property" shall, for the purposes of this Act (in addition to the property therein enumerated to be protected from unlawful or malicious injury) be held to comprise and include "Submarine Telegraphic Cables" and all the penalties by that Act imposed shall be applicable to any injury or obstruction caused to such Submarine Telegraphic Cable as though the words "Submarine Telegraphic Cables" had been incorporated in the said

sections.

27. The Act known as "The Canadian Joint Stock Companies Clauses Act, 1869" and all the provisions thereof shall be applicable to and be incorporated in this Act so far as the same may not be inconsistent with this Act.

28. This Act shall be known and cited as "The Thunder Bay Silver Mines Telegraph Company Act."

CAP, XCVIII,

An Act to amend the Act incorporating the British America Assurance Company, and the subsequent Acts affecting the said Company.

[Assented to 14th June, 1872.]

WHEREAS the British America Assurance Company have Rean

petitioned for certain amendments to their Act of incor- Act of U. C. 3 W. IV., poration and other Acts affecting the same; and it is expedient to c. 18. grant the prayer of the said petition: Therefore Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:

1. The fourteenth section of the said Act of incorporation, so Enactments much of the third section of the Act of the legislature of Upper repealed. Canada, sixth William Fourth, chapter twenty, amending the said Act of incorporation as renders stockholders not residing in the Province ineligible as Directors in the said Company and limits the qualification of a Director to the holding of twenty shares of the capital stock of the said Company, and the fourth and ninth sections of the last mentioned Act shall be and are hereby repealed.

2. Each and every stockholder in the said Company, shall, on Scale of all occasions on which the votes of the shareholders are to be Votes. taken, have one vote for each share held by him for at least fifteen days before the time of meeting.

3. Each and every stockholder who shall hold at least fifty Qualification shares in the capital stock of the said Company, shall be eligible for Director. to be elected and to continue as a Director in the said Company;

tor in any

and it shall and may be lawful for any Director in the said May be Direc. Company to accept the office of and act as a Director in any other other non-coninsurance company or association not engaged in the same branch flicting Comof insurance business carried on by the said British America pany. Assurance Company.

4. The Governor or Deputy Governor with the Managing Certain offiDirector of the said Company shall have power to make, grant, cers to grant policies. and enter into all and any assurances in the name and on the behalf of the said Company: Provided always that all and any Proviso: policy of assurance, grant of annuity or other contract of assur- rates to be ance, shall be under the seal of the said Company, and signed by the Governor or Deputy Governor, together with the Managing Director.

observed.

5. The shareholders of the said Company may, by by-law to be Capital may passed at any annual general meeting, or at any special general be increased, meeting of the proprietors, to be called for that special purpose, increase the capital stock of the said Company to an amount not

exceeding

P.ov.so.

Number of
Directors may

or limited.

exceeding in the whole one million of Dollars; and such additional stock may be issued and allotted in such amounts, at such time or times, rate or rates, and in such manner as the Directors of the said Company for the time being may order or direct: Provided always that all calls for the payment of such additional stock, and the forfeiture of shares for the non-payment of calls shall be made according to the provisions of the Acts hereinbefore mentioned.

6. The Directors of the said Company are hereby authorized, be increased by by-laws from time to time to be passed, to increase or diminish the number of the Directors of the said Company; and to change the time or times for the holding of the annual meetings of the said Company: Provided always, that such by-law or by-laws shall have no force or effect until it or they are confirmed by a majority of the shareholders present in person or by proxy at any annual general meeting or any other general meeting specially called for that purpose.

Proviso.

co pe al ofinnsistent enactmnts.

7. All provisions contained in any previous Act, inconsistent with the provisions of this Act, relating to the said Company, are hereby repealed.

Preamble 14. 15 V., c. 162.

Separate

account to be kept for the

CAP. XCIX.

An Act further to amend the Act incorporating the
Western Assurance Company.

WH

[Assented to 14th June, 1872.]

HEREAS the Western Assurance Company, incorporated by an Act of the legislature of the late Province of Canada, have by their petition represented, that by the sixth and seventh sections of their Act of incorporation, they are empowered to carry on the business of fire and marine assurance; and also to effect assurance on lives, to grant annuities, to receive money for investment, to purchase reversionary interests, and to invest their funds in certain public and other securities; that the said Company has been for twenty-one years engaged in the fire and marine assurance business, and is now desirous of carrying on the business of life assurance,-but before commencing the same, they deem it expedient that their Act of incorporation be so amended as to provide that the funds and books of account pertaining to the life business shall be kept distinct and separate from those of the fire and marine business; and it is expedient to grant their prayer: Therefore Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:

1. When and so soon as the said Company shall commence the business of life assurance, separate books of account shall be opened

and

Fire Insurance

and kept for all transactions connected with that branch of the Life and the business of the Company; and the funds pertaining to the said branches. branch shall be kept distinct and separate from those pertaining to the fire and marine business of the Company; and the funds derivable from the said life branch shall not be applicable to any losses or claims whatsoever that may happen in the fire and marine branch; and in like manner the accounts in the fire and marine branch shall be kept distinct and separate from those of the life branch, and the funds of the same shall not be applicable to any losses or claims whatsoever arising in the life branch.

set apart for

2. Before commencing the business of such life branch, the Capital to be Board of Directors shall set apart such portion of the capital stock Life branch. of the Company as has been subscribed during the present year as may be deemed advisable (not exceeding two hundred thousand nor less than one hundred thousand dollars), which shall from thenceforth belong exclusively to the said life branch, and shall be liable, as regards both the amount paid in thereon and the amount unpaid upon the said stock, for losses and claims connected with the business of that branch, and for no other losses or claims whatsoever.

ment of

3. The general expenses of management of the said Company Apportionin the transaction or its business, shall be apportioned by the expenses. Board of Directors between the different branches in proportion to the amount of business in each, from time to time.

foreign

4. And whereas the said Company are desirous of increasing the I vestments in capital stock of the fire and marine branch of the said Company securities. to the extent of at least two hundred thousand dollars; and whereas doubts may arise whether the said Company has power under the limitations of the seventh section of their Act of incorporation, to invest any portion of their funds and capital in foreign securities and it is expedient to empower them to invest in such securities, for the requirements of their foreign agencies: be it enacted, that notwithstanding anything in the said section, the Company shall have power to invest in the debentures, stock, or other Government securities of any foreign country, such a proportion of their funds as may be necessary for the prosecution of their business through their agencies established in such country, not exceeding such amount of the said new capital applicable to the fire and marine branch as shall have been subscribed and paid up.

5. The Act thirty-first Victoria, chapter forty-eight, intituled Act 31 V. c 48, to apply "An Act respecting Insurance Companies," as amended by the Act thirty-fourth Victoria, chapter nine, shall apply to this Act, and the Company therein mentioned.

САР.

Preamble.

Persons

CAP. C.

An Act to incorporate the Inland Marine and Fire
Insurance Company of Canada,

W

[Assented to 14th June, 1872.]

HEREAS Thomas McGaw, John D. Nevin, George Greig, Alexander Prentice, Charles H. H. Nichols, John J. Mc Culloch, Thomas R. Wood, Henry Winnett, N. J. Somerville, William F. McMaster and Larratt W. Smith, all of Toronto, John Ross, of Montreal, Benjamin W. Folger and Matthew H. Folger of Kingston, have, by their petition, represented that the establishment of an association for the insurance of vessels and other property on water and land would be beneficial to the interests of the Dominion, and promote the extension of that business in the hands of Canadians; and have prayed that they may be incorporated for the purpose of carrying on a business of that description by the name and style of the "Inland Marine and Fire Insurance Company of Canada;" and it is expedient to grant their prayer: Therefore Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:

1. The said Thomas McGaw, John D. Nevin, George Greig, incorporated. Alexander Prentice, Charles H. H. Nichols, John J. McCulloch, Thomas R. Wood, Henry Winnett, N. J. Somerville, William F. McMaster, Larratt W. Smith, John Ross, Benjamin W. Folger and Matthew H. Folger, having complied with the requirements of this Act, as to subscriptions of stock, and all such persons as now are, or hereafter shall become shareholders of the said Company, shall be, and are hereby ordained, constituted and declared to be a body corporate and politic, in law, in fact and in name, by the style and title of the "Inland Marine and Fire Insurance Company of Canada."

Corporate

name.

Capital and shares.

May be increased.

Provisional
Directors.

2. The capital stock of the said Company shall be five hundred thousand dollars, divided into five thousand shares of one hundred dollars each; which said shares shall be and are hereby vested in the several persons who shall subscribe for the same, their legal representatives and assigns, subject to the provisions of this Act: Provided always, that it shall and may be lawful for the said Company to increase its capital stock to such sum not exceeding one million dollars, as a majority of the shareholders at a special general meeting, to be expressly convened for that purpose, shall

agree upon.

3. For the purpose of organizing the said Company, the persons named in the preamble to this Act, shall be Provisional Directors thereof; and they, or a majority of them, may cause stock books to be opened, after giving due public notice thereof, upon which Stock books, stock books shall be recorded the subscriptions of such persons as

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